Intraday bias in USD/CAD stays on the upside at this point. Rise from 1.3730 should target 61.8% retracement of 1.4247 to 1.3730 at 1.4050. Firm break there till pave the way to retest 1.4247. On the downside, below 1.3972 minor support will turn intraday bias neutral first.
In the bigger picture, current rebound suggests that USD/CAD is still staying in medium term consolidation pattern from 1.3480. As long as 61.8% retracement of 1.4791 (2025 high) to 1.3480 at 1.4290 holds, an eventual break of 1.3480 is in favor. However, firm break of 1.4290 will dampen this view, and target 1.4791 high instead.
